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August 8, 2001

Grand Jury indicts five former Halter employeesThe United States Attorney for the Southern District of Mississippi has announced the return of a federal indictment against five individuals in a scheme to defraud Halter Marine, Inc. Four of the five are also charged with conspiracy to commit money laundering.

Joseph C. Mortimer, age 36, of Carriere, Miss.

Rod Jenkins, age 32, of Pass Christian, Miss.

James Larry Favre, a/k/a Larry Favre, age 54, of Kiln, Miss.

Robbie Holden, age 32, of Bay St. Louis, Miss.

A local press reports identifies the five as former employees of Halter Marine Group.

All five face one count of conspiracy to commit mail and wire fraud, four counts of mail fraud and three counts of wire fraud.

May, Mortimer, Jenkins and Favre are also charged with one count of conspiracy to commit money laundering.

The indictment alleges that from November 1995 through April 1999 the defendants conspired to defraud Halter Marine Group, Inc., of substantial sums of money through the use of shell companies and fraudulent bidding procedures.

The indictment further alleges that May, Mortimer, Jenkins and Favre conspired to commit money laundering by conducting financial transactions designed to conceal and disguise the proceeds of specified unlawful activity.

If convicted, May, Mortimer, Jackson and Favre face up to a maximum penalty of 60 years imprisonment and/or $2.5 million in fines, as well as forfeiture of properties and monies. Holden faces a maximum penalty of 40 years imprisonment and/or $2 million in fines, as well as forfeiture of properties and monies.

The defendants made their initial appearance before U.S. Magistrate Judge Louis , Jr. on Monday, August 6. Trial is scheduled for October 9, 2001 before U.S. District Judge Walter Gex in Biloxi..

The indictment results from a joint investigation by the U.S. Attorney's Office for the Southern District of Mississippi, the FBI, the IRS, the Naval Criminal Investigation Service and the Defense Contracting Auditing Agency